“We think [the VIX]can continue to work lower and into the low teens,” Detrick said.
Investors who are interested in making a short-term hedge against market volatility can take a look at VIX-related funds, like the ProShares VIX Short-Term Futures ETF (NYSEArca: VIXY) and the ProShares VIX Mid-Term Futures ETF (NYSEArca: VIXM).
For more information on market volatility, visit our volatility category.
Max Chen contributed to this article.